Closing Bell Closing Bell Overtime: Apple’s Bad Week; Retail In Foocus; the Nuclear Comeback 5/23/25
May 23, 2025
Amit Daryanani, an analyst at Evercore ISI, shares expertise on Apple’s recent challenges, exploring how tariff threats could impact its innovation strategies. He discusses the evolving AI landscape, contrasting past tech advancements with current trends. Additionally, the conversation highlights the resurgence of interest in nuclear stocks following a White House executive order, alongside insights into market volatility. Retail dynamics also take center stage, with talks on consumer spending trends and the implications of recent earnings reports.
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Trump Confident on Apple Onshoring
- President Trump believes Apple can produce affordable iPhones in the U.S. due to advanced technology.
- Analysts widely disagree, calling onshoring production expensive and unlikely.
Apple's AI Opportunity and Challenge
- Apple retains a distribution advantage through iPhone app ecosystem for AI's consumer breakthrough.
- AI remains nascent and brittle, so Apple's challenge is making it as compelling as past innovations.
Tariffs Versus Supply Chain Shift Costs
- Tariffs introduce cost headaches and uncertainty in the hardware supply chain ecosystem.
- Apple may prefer paying tariffs over costly and complex U.S. supply chain relocation.